MIRA INFORM REPORT
|
Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAHSING CO., LTD. |
|
|
|
|
Registered Office : |
71,Phone Gyee St., Ward (5), LMDW, Township, Between Anawrahta
Rd. andMaha |
|
|
|
|
Country : |
|
|
|
|
|
Year of Establishments: |
1996 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
manufacturer of furniture for offices, shops and general
types. |
|
|
|
|
No. of Employees : |
10-19
employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Myanmar |
B2 |
B2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Mahsing Co., Ltd.
DBA:
Sinma Furnishings Co., Ltd.
ADDRESSES:
Main Address: 71,Phone Gyee St., Ward (5), LMDW,
Township, Between Anawrahta Rd. and Maha Bandoola Rd.,
Zip code/City: Yangon, Myanmar
Telephone: +95
1 227 026
+95
1 230 0974
+95
391010
E-mail: smoffice@myanmar.com.mm
Profile
Established: 1996
Line of Business: Furniture manufacturing
Industry Division: Manufacturing
Industry-code (NACE): 3101 Manufacture of office and
shop furniture
3109
Manufacture of other furniture
Banks: Not
Disclosed.
Employees: 10-19
CNPJ: -
Official
Administration:
Director Daw
Khin Thit
Director Daw
Yu Yu Khine
Director U
Aung Aung Win
Director U
Aung Thein
Director U
Aye Min
Director U
Kyaw Kyaw Win
Director U
Myo Aung Kyaw
Director U
Myo Myin
Management
Mr Daw Khin Thit is also a director in the
following companies:
- Aung Hter Lwin Co., Ltd.
- Golden Age Co., Ltd.
- Myanmar Golden Thumb Mineral Production
Co.,Ltd
- Phone Thaw Ko Trading Co.,Ltd
- Sinma Furnishings Co., Ltd.
The directors also mentioned in this report
are connect to other trading companies in Myanmar.
Public
information:
-
SHARE & SHARE
CAPITAL INFORMATION
State Register: 489/1997-1998
Legal form: Limited
Liability Company
Incorporation date: 26.06.1997
Balance sheet filing date: -
Tax Contributor Number (CNPJ): -
Legal status: active
Responsible Register: State Register of Myanmar
Entry Deleted Name
active Mahsing Co Ltd
Entry Deleted Legal domicile
active Yangon, Myanmar
Entry Deleted Address
active No.71/73, Phone Gyi St, Lanmadaw, Yangon,
Myanmar/MM
Import and
Export:
Import, Export
Payment
history:
No payment history is available.
Owners/-s:
Class: Unknown
Type: Direct
Name: U
Aung Aung Win
City/Country: Myanmar/MM
Class: Unknown
Type: Direct
Name: U
Aung Thein
City/Country: Myanmar/MM
Class: Unknown
Type:
Direct
Name: U
Aye Min
City/Country: Myanmar/MM
Class: Unknown
Type:
Direct
Name: Daw Khin Thit
City/Country: Myanmar/MM
Class: Unknown
Type:
Direct
Name: U
Kyaw Kyaw Win
City/Country: Myanmar/MM
Class: Unknown
Type: Direct
Name: U
Myo Aung Kyaw
City/Country: Myanmar/MM
Class: Unknown
Type: Direct
Name: U
Myo Myin
City/Country: Myanmar/MM
Class: Unknown
Type: Direct
Name: Daw
Yu Yu Khine
City/Country: Myanmar/MM
The Exact Shareholding Percentage Was Not
Disclosed.
Financial
information:
Private companies in Myanmar are not required
to disclose financial statements.
Main
Activities:
The company is engaged in manufacture of
furniture for offices, shops and general types.
Operations &
branches:
At the address, 71,Phone Gyee St., Ward (5),
LMDW, Township, Yangon, Myanmar, we find the company's head office.
Staff:
10-19
We have contacted an employee who was not
authorized to disclose any kind of information and advised to present the
subject matter via e-mail " smoffice@myanmar.com.mm ".
We sent a questionnaire to the email
available requesting more information from the company. If we receive a reply
we will send an update.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
UK Pound |
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.09 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.